New Delhi, July 17 -- India's housing segment is estimated to remain major growth driver for India's cement industry over FY26E-FY30E, supported by factors including rising rural incomes and favourable affordability, as per a report by Nirmal Bang.

According to the report, the housing sector continues to be the largest demand driver for India's cement industry, accounting for around 69 per cent of total cement consumption, followed by infrastructure at about 21 per cent, with the remaining demand coming from the industrial and commercial segments.

"We expect the housing segment to remain the primary growth engine over FY26E-FY30E, supported by rising rural incomes, favourable affordability, and continued government focus on affordable h...